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  • Jul 30, 2019
  • IFSC boost: CBDT gives compliance relief to non-resident investors

    Non-resident individuals and foreign companies have now been given a compliance relief as part of the government’s efforts to attract more investment fund activity in the International Financial Services Centre (IFSC) located in India. These class of persons have been exempted from filing income tax returns so long as they meet two conditions, the Central Board of Direct Taxes (CBDT) has said.